Crypto enthusiast, volunteer, product & regulatory lawyer
NFT-Backed Lending: Proceed with Caution
Introduction For several years now, Non-Fungible Tokens (“NFT”) have been growing in popularity. These scarce and unique blockchain-recorded crypto assets have already seen many use cases ranging from collectibles, gaming experiences, to licenses. Recently, the list has been expanded by another category: NFTs used as collateral in lending transactions. In February 2022, an anonymous person borrowed an $8.32 million secured by their collection of 104 CryptoPunks. It was the largest NFT-backed ...
NFT-Backed Lending: Proceed with Caution
Introduction For several years now, Non-Fungible Tokens (“NFT”) have been growing in popularity. These scarce and unique blockchain-recorded crypto assets have already seen many use cases ranging from collectibles, gaming experiences, to licenses. Recently, the list has been expanded by another category: NFTs used as collateral in lending transactions. In February 2022, an anonymous person borrowed an $8.32 million secured by their collection of 104 CryptoPunks. It was the largest NFT-backed ...
Legal Issues Impacting Blockchain Service Providers
Introduction As the crypto industry matures and companies build new applications to grow Web3 ecosystems, complex legal and compliance issues will emerge. Some of these issues may be driven by legislative and regulatory actions, other can originate from the company’s relationships with third parties such as developers and end users. This article focuses on the fast-growing area of blockchain service providers and intends to provide an outline of legal issues that specifically (1) blockchain i...
Legal Issues Impacting Blockchain Service Providers
Introduction As the crypto industry matures and companies build new applications to grow Web3 ecosystems, complex legal and compliance issues will emerge. Some of these issues may be driven by legislative and regulatory actions, other can originate from the company’s relationships with third parties such as developers and end users. This article focuses on the fast-growing area of blockchain service providers and intends to provide an outline of legal issues that specifically (1) blockchain i...
